Gold and silver buyers could soon have to register with the state of Illinois. Rick Santelli provides an update on the legislation requiring every gold and silver transaction be registered with the State. The bill was originally introduced in 2012 and immediately passed the Illinois Senate and is curreently awaiting action in the House.

The slippery slope to confiscation has begun.

Gold and silver buyers could soon have to register with the state of Illinois.

Rick Santelli provides an update on legislation that requires every gold and silver transaction to be registered with the State. Here are the basics. The bill, officially called SB-3341, was introduced in 2012, immediately passed the Illinois Senate and is now awaiting action by the House.